To reach the huge port of Shanghai, the port of the largest container traffic in the world, Those strands of buildings that have thrived over the past two decades are being traversed by the urbanization that has driven peasants en masse into the cities in pursuit of industrial China. And although the cranes reflect that construction continues, there are many that are empty and symbolize soft loans to developers that almost put the giant banks in their graves.
Part of this landscape is what the delegation led by Sergio Massa observed this morning, as they moved towards the southern sector of the city, facing the China Sea where the mythical Yellow River or Yangtze flows.
There, companies likeo Arcor, a strong food exporter looking to grow further in this market, Biogénesis-Bagó, the first company to have a vaccine plant against foot and mouth disease in China, Garruchos, which exports high-quality meat, and Terragene, dedicated to biological solutions for crops, among other Argentine companies based here, have created a logistics hub to boost trade. Trade with China continues to be unfavorable for the country with a deficit that it reached US$9.7 billion in 2022 and which contrasts with the good performance of neighbors Brazil and Uruguay.
In the hub, that too exhibits Argentinian products and jointly seeks to reduce operating coststhe first Argentine Chamber of Commerce in China was launched, mirroring the one already existing in Buenos Aires and is chaired by Sergio Spadone.
From this hub, in addition to technical assistance, other companies will also be supported, especially SMEs, with facilities for waiting for payment of goods.
The chamber covers 20 companies and has been formally recognized by the Chinese government. Massa told them at that moment what he would later announce: the opening of direct trade between the two countries through the yuan. the minister, Arriving in Beijing tomorrow, he will discuss this issue with the powerful Commerce Minister, Wan Wentao, and will be accompanied by the Secretary of Agriculture Juan José Bahillo.
Together they will claim for the opening of bovine offal market, the abolition of restrictions on poultry and pig plants and the entry of nuts.
Argentine businessmen based, mostly in Shanghai, observe a take-off of consumption after the end of the severe restrictions due to the pandemic. But they care To what extent can the dispute with the United States escalate? Today, however, news has arrived that gives hope for a path of greater tranquility.
It is that after a meeting between Minister Wentao and his counterpart in Washington, Gina Raimondo, President Xi Jinping would attend the Asia Pacific summit to be held in November in the United States. It reads as an indication that would ease the tensions affecting global trade. By then, Argentina will have already elected its new president.
By the way, there are other companies complementing and supporting the Chamber such as Agenduo, Andex Group, ArgentarAsia, Artesano, Pan American Business Consulting, El Gaucho, Fed Trading, Foda Sourcing, Hongjie Trading, Pehuen Consulting, Tango and Huizhou Huanshi Business Consulting.
Source: Clarin
